Market News Page No. 18| Africa Business News

$112 Million Contract Signed for the Construction of Dr. Samia Suluhu Hassan Stadium in Tanzania

Tanzania, Kenya, and Uganda are co-hosting the 2027 AFCON, Africa's largest international men's football championship. In preparation of that, Tanzania recently inked a $112 million agreement for the construction of the anticipated Dr. Samia Suluhu Hassan Stadium in the Arusha region. The signing ceremony took place at the Benjamin Mkapa Stadium in Dar es Salaam. During the event, Tanzania's Minister of Culture, Arts, and Sports, Dr. Damas.... Read more »

Posted on : Thursday , 28th March 2024

Kenya: A Nation Rich In Packaging Opportunities

The industry is expected to increase at a compound annual growth rate (CAGR) of roughly 4.8 percent between 2021 and 2026, indicating that it will adapt to changing market conditions. Although it is still difficult to obtain national figures, there is a wealth of information about important areas of Kenya's packaging sector, such as market trends, new prospects and successful business plans. Kenya, one of the most industrialised.... Read more »

Posted on : Monday , 11th March 2024

In Order To Accelerate Digital Transformation In Africa, Ericsson And MTN Group Have Extended Their BSS Modernization Agreement.

Using Ericsson Charging and Ericsson Mediation, together with Ericsson Dynamic Activation, MTN Group is developing and investigating new and inventive capabilities, including 5G and IoT use cases. The collaboration paves the way for MTN Group's sustained success and expansion as it pursues its Ambition 2025 vision and moves closer to being a cloud-native organization. In order to continue providing MTN with two key solutions.... Read more »

Posted on : Tuesday , 5th March 2024

Encouraging sustainable wood in Kenyan green construction for resilient, low-carbon development

When environmental services are taken out, the forest sector accounts for 3.6% of Kenya's GDP1, which is a significant contribution to the country's socioeconomic development. The industry provides non-timber forest goods and services, such as wood fuel, to both urban and rural populations. At the moment, the industry supports up to 50,000 direct jobs and about 600,000 indirect jobs. Compared to its potential, which can be realised through.... Read more »

Posted on : Tuesday , 5th March 2024

Nairobi unveils the Roam Move electric shuttle bus

Leading provider of electric mobility solutions, Roam, has officially launched its Roam Move electric shuttle bus, starting the process of progress. In an environmentally conscious effort to transform urban mobility, the Roam Move joins the company's electric mass transit bus, the Roam Rapid, to usher in an exciting new chapter in its history. The Roam Move is a pledge to a cleaner, greener future for Kenya, not just another way to get.... Read more »

Posted on : Monday , 4th March 2024

Under The Afcfta, Kenya Imports Refrigerators From South Africa

Under the terms of the African Continental Free Trade Area (AfCFTA), Kenya is importing its first shipment of electronics, industrial and agricultural goods, including refrigerators, from South Africa. Under the same programme, Kenya is anticipated to export fruits, vegetables, tea and coffee in exchange in the upcoming weeks. The first commercial exports from South Africa under the AfCFTA were inaugurated by President Cyril Ramaphosa.... Read more »

Posted on : Monday , 4th March 2024

Nairobi Receives Traffic Lights and CCTV at 125 Crossroads as Part of a China Agreement

As part of a Chinese-funded initiative to improve safety and streamline traffic for both cars and people walking, 125 crossroads in Nairobi will get new traffic signals and traffic video surveillance cameras. According to the Kenya Urban Roads Authority (KURA), a loan from the Exim Bank of China would be used to finance the project, which will be carried out by Chinese contractors. In addition to installing an advanced traffic.... Read more »

Posted on : Monday , 4th March 2024

IVI Establishes a New Country and Project Office in Kenya to Guarantee Sustainable Vaccine Manufacturing in Africa

The International Vaccine Institute (IVI), a global organization whose goal is to find, create and distribute safe, efficient and reasonably priced vaccines for global health, announced today that it will establish a Country and Project Office in Kenya to oversee the Advancing Vaccine End-to-End Capabilities (AVEC) initiative in Africa and other joint ventures in the areas of vaccine research, development and training with Kenyan.... Read more »

Posted on : Monday , 4th March 2024

Energy America Announces Expansion into Kenya

NAIROBI - as part of its endeavours to build a presence in East Africa, Energy America, a maker of solar modules, has extended its operations to Kenya. Employment opportunities are expected to arise from this relationship, particularly for residents of Nairobi, the capital of Kenya. The primary goal of Energy America is to supply utility, business, and residential markets with high-efficiency solar modules..... Read more »

Posted on : Friday , 1st March 2024

The Manufacturing Sector in Kenya is Urged by the Government to Adopt Sustainable Production Practices.

The Kenyan government has issued an invitation to producers to break free from the constraints of traditional manufacturing and create a new paradigm that incorporates circular design principles. The Kenya Association of Manufacturers (KAM) in collaboration with the Kenya Private Sector Alliance (KEPSA), the Ministry of Environment, Climate Change and Forestry (MoECCF), the Royal Danish Embassy, the National Environment Management Authority.... Read more »

Posted on : Friday , 1st March 2024

African Food Security Is To Be Increased By International Research Partnership By Means Of Crop Development.

To create better crop varieties that cater to the unique requirements and conditions of smallholder farmers in sub-Saharan Africa, a group of scientists and agricultural professionals from three continents have come together. In order to create better crop varieties that cater to the unique requirements and conditions of smallholder farmers in sub-Saharan Africa, a group of scientists and agricultural professionals from three continents.... Read more »

Posted on : Thursday , 29th February 2024

Kenya Power Aims To Save Sh2 Billion through Solar Power

Kenya Power says that a donor-funded initiative aimed at retrofitting expensive fuel off-grid stations with solar panels will save customers Sh2 billion annually. The stations would consume gasoline solely at night, according to Joseph Siror, managing director of the company, and will run on solar power during the day. According to Dr. Siror's statement earlier this week, "consumers will pay less for electricity because they will pay.... Read more »

Posted on : Thursday , 29th February 2024